Implementation of IRDAI Product Regulations 2019 for Life Insurers
Life insurers must ensure all existing products comply with the IRDAI Non-Linked Insurance Products Regulations 2019 and Unit Linked Insurance Products Regulations 2019.
Extension of Timelines for Hospital Network Standards and Benchmarks
Insurance companies and Third Party Administrators receive an extension of twelve months to comply with network provider hospital standards and benchmarks.
Exemption from Income Return Filing for Non-Residents and Foreign Companies with IFSC Investment Fund Income
The Central Government exempts non-residents and foreign companies from the requirement of furnishing an income tax return from Assessment Year 2019-20 onwards.
109/28/2019- GST : Clarification on issues related to GST on monthly subscription/contribution charged by a Residential Welfare Association from its members.
Clarification on Supply of ITeS Services and Intermediary Status
This circular clarifies the status of Information Technology enabled Services and intermediaries under the Goods and Services Tax law to ensure uniform implementation.
The Central Government notifies the protocol amending the tax agreement between India and China for the elimination of double taxation and the prevention of tax evasion.
Approval of National Centre for Cell Science Under Section 35
The Central Government approves M/s National Centre for Cell Science, Pune as a Scientific Research Association under section 35 of the Income-tax Act, 1961.
